Walmart Inc. (NYSE:WMT) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. trimmed its position in Walmart Inc. (NYSE:WMT) by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,764 shares of the retailer’s stock after selling 9,969 shares during the period. Lincluden Management Ltd.’s holdings in Walmart were worth $3,773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at $25,000. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter worth about $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart in the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter valued at about $32,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

WMT opened at $93.64 on Tuesday. The stock has a fifty day moving average price of $95.60 and a 200 day moving average price of $86.89. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 1 year low of $58.18 and a 1 year high of $105.30. The stock has a market cap of $752.21 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.00%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analysts Set New Price Targets

WMT has been the topic of several recent research reports. Wells Fargo & Company lifted their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Jefferies Financial Group lifted their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Roth Mkm reiterated a “buy” rating and set a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research report on Friday. Barclays raised their price objective on Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. boosted their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $102.43.

Insider Activity

In related news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher James Nicholas sold 17,600 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the transaction, the executive vice president now owns 348,357 shares in the company, valued at approximately $32,891,867.94. This trade represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 194,377 shares of company stock worth $18,231,904. 45.58% of the stock is owned by corporate insiders.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.